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Thinking about a Sears credit card? With a Sears credit card, you are given many benefits and rewards exclusive to Sears stores and other chains owned by this company. Use the card and gain points just like any other credit card, but if you are a regular customer of Sears, then you can really capitalize on the savings. This guide covers the Sears Card, its interest rates and other terms, and how you can make your Sears credit card payment for outstanding balances.

Sears Credit Card Payment

Payments for outstanding balances can be made in three ways, either at a Sears store, by mail or online, and payments can be made by either transferring money from a bank account or by check. With an online account which you set up as a cardholder, you can also make automatic payments via Direct Debit. A great bonus with online accounts is that you can accurately track your credit rating to keep yourself in control over your credit history and future. The online account also lets you check your balance and credit, payment due dates, view general account activity and get in contact with customer service via secure instant messaging.

Overview of Sears Card

The Sears card acts as both a credit card and a points card when you use it at eligible retailers, helping you to save each month on your favorite brands. There are many extra benefits which help to make your credit experience more convenient and secure. There is no liability for purchases not made by you, and you can add extra users to the account at no charge. If you forget your card you can get a temporary pass for Kmart and Sears. CitiBank provides card protection and theft services with Citi Identity Theft Solutions. Sears also provide an optional AccountCare package to help customers during difficult financial times, and with this you can cancel your monthly minimum payments (up to $500) for up to 6 months.

The Sears card can only be used in conjunction with Sears purchases, but they also provide other cards such as the Sears MasterCard with can be used on all purchases.

Sears Card Interest Rates and Terms

The general annual percentage rate (APR) for purchases is 25.24%, which can vary depending on the market conditions (Prime Rate). The rate for cash advances is 27.15%. The payment due date for minimum payments or other payments is 25 days after the previous bill, and no interest will be charged for purchases if you pay off all of your balance each month. Fees for balance transfers are $10, or 5% of the amount transferred, and $5 or 5% for cash advances. Fees for both late payments and returned payments are $35. The APR on the Sears credit card is high compared to general purpose credit cards such as the Discover It card.